The cost data and production data for Debits Company for the month of May are as follows: Cost Data: Work in process, Ma

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The cost data and production data for
Debits Company for the month of May are as follows:
Cost Data:
Work in process, May
1:
Materials

P 10, 400
Conversion costs
13, 800
Cost added this
month:
Materials

120, 000
Conversion costs 320, 400
Production Data:
Work in process, May 1 (60%
incomplete)
7, 500 units
Started in production this
May
80, 000 units
Transferred
out
72, 500 units
Work in process, May 31 (30% to be
done)
13, 000 units
Normal lost
units
1, 100 units
Abnormal lost
units
?
All materials are added at the start
of the process and lost units are detected at the inspection point
of 75% completion.
Round off the per unit cost to four
decimal places